The Financial sector has been on the discussion table for quite some time now. An action that began on the 14th of August, 2017 set off a chain of events that has culminated in the revocation of a number of licenses of financial institutions in the sector.
A new set of measures and reforms were also announced from the regulators of the industry particularly the Bank of Ghana. On the 16th of August 2019, the Bank of Ghana revoked the licenses of 23 savings and loans companies and finance houses.
The regulator argues this completes reforms in the Banks and Specialized deposit-taking institutions. But there are a number of issues that need immediate attention.
What are these issues? What can we do about the way forward? Philip Nanfuri and his guests, CEO of Private Enterprise Federation (PEF), Nana Osei Bonsu, Executive Secretary of the Ghana Association of Savings and Loans companies (GHASALC), Tweneboah Koduah Boakye and Executive Secretary of the Association of Finance Houses, Kokui Adu sift through the noise and make us better-informed on the Business Edition of PM EXPRESS on Joy News.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Ghana’s poor score in ‘B-READY’ signals challenges to creating a business-friendly environment – World Bank
13 minutes -
Foreign investors’ debt holdings fall to GH₵13.4bn in 2024 – Report
1 hour -
Huge crowds gather in Israel calling for hostage deal and end to Gaza war
3 hours -
More than 200 missing in flood-hit district in Pakistan, official says
3 hours -
Putin agreed to ‘robust’ security guarantees for Ukraine, says US envoy
3 hours -
One arrested in Mpohor gold shop robbery, manhunt launched for accomplices
4 hours -
Asantehene marks ‘Kuntunkuni Dae’ in black and brown without ornaments
5 hours -
Barker-Vormawor criticises GTEC over professorial title controversy
5 hours -
Alan Kyerematen unveils 10-point action plan to end galamsey after helicopter tragedy
7 hours -
Mahama embarks on official visits to Japan and Singapore
8 hours -
Families of late Omane Boamah and Peter Anala receive blessings at thanksgiving mass
9 hours -
Palestinians flee IDF attacks on Gaza City as Israelis protest against occupation plan
11 hours -
Loyalty programmes in Ghana: The next frontier in customer retention
13 hours -
Bright Atter: “No refunds” by retailers is just a scarecrow
13 hours -
Stop using ‘unearned’ academic title or face us in court – GTEC writes to Chief of Staff on Deputy Minister of Health Grace Ayensu-Danquah’s title
13 hours